Muthoot Finance Limited Safe Harbour Statement
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Financial Results Q3 FY 2021 December 2020 MUTHOOT FINANCE LIMITED SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. While every effort is made to ensure that this presentation conforms with all applicable legal requirements, the company does not warrant that it is complete, comprehensive or accurate, or commit to its being updated. No part of the information provided herein is to be construed as a solicitation to make any financial investment and is provided for information only. Any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. In no event shall the company be liable for any damages whatsoever, whether direct, incidental, indirect, consequential or special damages of any kind or including, without limitation, those resulting from loss of profit, loss of contracts, goodwill, data, information, income, expected savings or business relationships arising out of or in connection with the use of this presentation. 1 THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance 100.00 Asia Asset Finance PLC Listed Diversified NBFC in Sri Lanka 72.92 Muthoot Insurance Brokers Private Limited Insurance Broking 100.00 Muthoot Asset Management Private Limited - 100.00 Muthoot Trustee Private Limited - 100.00 2 THE GROUP Snapshot of performance 9M FY 9M FY H1 FY Q1 FY YoY(%) FY 2020 2021 2020 2021 2021 Group Branch Network (Nos) 5,417 5,268 5,381 5,330 3 5,330 Consolidated Gross Loan Assets* of the Group (` in 557,995 434,357 522,863 465,008 28 468,705 million) Consolidated Profit of the Group (` in million) 27,951 23,329 17,885 8,577 20 31,687 Contribution in the Consolidated Gross Loan Assets* of the Group Muthoot Finance (%) 90 88 89 88 2 88 Subsidiaries (%) 10 12 11 12 (17) 12 Contribution in the Consolidated Profit of the Group Muthoot Finance (%) 97 94 97 98 3 95 Subsidiaries (%) 3 6 3 2 (50) 5 *Principal amount of Loan assets 3 THE GROUP Gross Loan Assets* of the Group (` in millions) 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 9M FY 2020 YoY (%) Muthoot Finance Limited 503,907 470,162 412,957 416,106 384,982 31 Muthoot Homefin (India) Limited 18,807 19,377 19,787 19,769 20,248 (7) Belstar Microfinance Limited 28,856 26,867 25,754 26,310 22,849 26 Muthoot Money Limited 4,210 4,633 4,966 5,090 4,915 (14) Asia Asset Finance PLC 5,245 5,204 5,444 5,380 5,113 3 Less: Intra-Group Loan Assets 3,030 3,380 3,900 3,950 3,750 (19) Total 557,995 522,863 465,008 468,705 434,357 28 *Principal amount of Loan assets 4 THE GROUP Standalone Profit of Group Companies (` in millions) 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY FY 2021 2020 2021 2020 2021 2021 2020 Muthoot Finance Limited 27,265 22,032 9,914 8,152 8,944 8,408 30,183 Muthoot Homefin (India) Limited 75 306 18 104 53 4 318 Muthoot Insurance Brokers Private 219 118 86 53 91 42 104 Limited Belstar Microfinance Limited 350 769 54 260 151 145 990 Muthoot Money Limited 33 43 (15) 11 73 (25) 27 Asia Asset Finance PLC 7 36 6 15 7 (7) 28 Muthoot Asset Management Private 17 39 2 16 5 10 51 Limited Muthoot Trustee Private Limited (0.04) (0.16) (0.08) (0.17) (0.01) 0.05 (0.13) 5 Consolidated Statement of Assets and Liabilities (` in millions) Particulars 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 90,014 61,669 66,710 58,348 Bank Balance other than above 2,604 2,259 2,376 2,959 Derivative Financial Instruments 252 159 1,490 3,449 Trade Receivables 127 149 114 90 Loans 560,113 521,399 469,195 470,677 Investments 13,394 26,480 28,024 6,302 Other Financial Assets 3,280 2,320 2,202 2,449 Non-Financial Assets Current Tax Assets(Net) 24 39 62 94 Defered Tax Assets(Net) 690 409 269 171 Investment Property 157 159 162 156 Property ,Plant and Equipment 2,573 2,425 2,386 2,427 Right to use Asset 159 154 155 168 Captial Work- In- Progress 360 329 302 287 Goodwill 300 300 300 300 Other Intangible Assets 78 83 81 85 Other Non Financial Assets 1,430 1,321 1,272 854 Total- Assets 675,555 619,654 575,100 548,816 6 Consolidated Statement of Assets and Liabilities (` in millions) Particulars 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,151 1,749 - - Trade Payables 2,516 3,052 2,716 2,220 Debt Securities 143,550 118,129 97,596 102,660 Borrowings(other than Debt securities) 355,845 337,221 324,981 300,115 Deposits 2,554 2,596 2,720 2,560 Subordinated Liabilities 4,030 4,426 3,964 4,017 Lease Liability 166 163 160 168 Other Financial Liabilities 11,857 10,102 8,992 11,885 Non-Financial Liabilities Current Tax Liabilities(net) 1,156 1,442 2,101 808 Provisions 3,552 3,518 3,801 3,712 Deferred Tax Liabilities(net) 83 86 93 151 Other Non-Financial Liabilities 341 369 311 507 EQUITY Equity attributable to equity owners of the 144,933 134,994 125,891 118,292 company Non-Controlling Interest 1,821 1,807 1,774 1,721 Total Liabilities and Equity 675,555 619,654 575,100 548,816 7 Consolidated Financial Results (` in millions) 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY Particulars FY 2020 2021 2020 2021 2020 2021 2021 Income Interest Income 82,017 68,548 29,438 24,971 27,290 25,289 94,177 Service Charges 730 676 274 254 318 137 943 Sale of Services 85 150 36 46 31 18 191 Other Income 211 202 157 67 32 23 233 Income other than above 1,431 1,161 259 613 571 601 1,528 Total Income 84,474 70,737 30,164 25,951 28,242 26,068 97,072 Expenses Finance Cost 30,488 23,086 10,486 8,103 10,282 9,720 31,728 Impairment of Financial Instruments 1,721 1,664 1,009 976 281 431 1,871 Employee Benefit Expenses 8,665 8,555 2,889 3,089 2,976 2,800 12,085 Depreciation, Amortisation and 471 420 174 162 156 140 592 Impairment Other Expenses 5,667 5,687 2,101 2,094 2,104 1,462 8,192 Total Expenses 47,011 39,412 16,659 14,423 15,799 14,553 54,468 Profit before tax 37,463 31,325 13,506 11,528 12,443 11,515 42,604 Tax expense 9,512 7,996 3,439 2,918 3,136 2,938 10,917 Profit after Tax 27,951 23,329 10,067 8,610 9,307 8,577 31,687 Earnings per share –Basic (`) 69.42 57.62 25.15 21.28 23.09 21.28 78.30 Earnings per share –Diluted (`) 69.35 57.52 25.02 21.25 23.08 21.25 78.20 8 MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE OTHER SERVICE SERVICES Gold Loans Money Transfer Services Collection Services National Pension Scheme Personal Loans 9 MFIN - A GLIMPSE 29 166 tonnes States/Union territory presence Gold jewellery kept as security 4,600+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 25,000+ 200,000+ Team members Customers served every day ` 503,907 mn Loan Assets Under Management (As of December 31, 2020) 10 SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.77 NSE Ticker 3.67 MUTHOOTFIN (%) Shareholding as on December 31, 2020 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on December 31,2020) ` 485,659 million 73.56 11 BOARD OF DIRECTORS M.G. George Muthoot George Alexander Muthoot George Thomas Muthoot Chairman George Jacob Muthoot Managing Director Wholetime Director Wholetime Director Alexander M George Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody Wholetime Director Independent Director Independent Director Independent Director V. A.